OPEN-SOURCE SCRIPT
RV Stocks
use 5 min chart
Entry: Buy just above the 5-minute high (for a long trade) or sell below the 5-minute low (for a short trade).Stop-Loss: Place the stop-loss right at the opposite end of the 5-minute range (the low of the candle for a buy order) to limit risk.Target: Aim for a 1:1.5 or 1:2 risk-to-reward ratio, as these intraday moves usually play out quickly within the first 15 to 30 minutes.
Entry: Buy just above the 5-minute high (for a long trade) or sell below the 5-minute low (for a short trade).Stop-Loss: Place the stop-loss right at the opposite end of the 5-minute range (the low of the candle for a buy order) to limit risk.Target: Aim for a 1:1.5 or 1:2 risk-to-reward ratio, as these intraday moves usually play out quickly within the first 15 to 30 minutes.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.